[Concall] Hyundai Motor "Trump Administration IRA Subsidies May Remain Until This Year"
On the 23rd, Hyundai Motor Company stated during the '2024 Q4 Earnings Conference Call' that "Since the Trump administration's attempt to repeal the IRA electric vehicle subsidies requires congressional approval, the process will not end quickly," adding, "There is a possibility that the subsidies will remain in place at least through this year."
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They continued, "Hyundai Motor Group Meta Plant America (HMGMA) began pilot production last October and is continuing to ramp up," adding, "The Ioniq 5 and Ioniq 9 produced here will be eligible for subsidies as long as the subsidy policy remains in effect."
This content was produced with the assistance of AI translation services.
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